Tesla investors plead with Elon Musk to leave Twitter and refocus on the electric car company in 'a vote of no confidence in Elon'
that tech stocks including Tesla are dropping because interest rates on personal savings accounts are increasing, leaving people to choose a guaranteed return at a bank over riskier stock investing.
Black rejected that argument, saying the better comparison to Tesla is the 10-year US Treasury bond yield, which is has dropped sharply since late October. That should make a long-term stock investment like Tesla more intriguing to investors. Instead, the stock keeps sinking, falling another 8% on Tuesday. on Saturday that ended up telling him he should step down as Twitter's CEO, was a clear statement, according to Gerber.
"That's weird," Black noted."The financials are way different now." And, Gerber said, despite responding to the fundraising email, he has received no follow up communication from Musk's team or anyone from Twitter about the new financing round. Are you a Twitter employee or someone else with insight to share? Contact Kali Hays at [email protected], on secure messaging appSign up for notifications from Insider! Stay up to date with what you want to know.
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